{"id":"crown-brlv","title":"Crown BRLV","content":"**Crown BRLV** is a [stablecoin](https://iq.wiki/wiki/stablecoin) pegged 1:1 to the Brazilian Real (BRL), issued by the São Paulo-based financial technology company Crown. The project is designed to serve as an institutional-grade, programmable version of the Brazilian Real, targeting use cases in payments, tokenized settlements, [decentralized finance](https://iq.wiki/wiki/defi) (DeFi), and corporate treasury management. [\\[1\\]](#cite-id-C8KHGAk2TT76IcVd) [\\[2\\]](#cite-id-MajBJebhsaafmk3S) The stablecoin is backed by a reserve of short-term Brazilian government bonds and is notable for its legal structure, which aims to provide holders with a direct, enforceable claim on the underlying assets. [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\n## Overview\n\nCrown was founded to create a secure and compliant bridge between Brazil's traditional financial system and the global digital asset economy. [\\[3\\]](#cite-id-VWLrq7ZzwQjWYmeP) The company's primary product, the BRLV [stablecoin](https://iq.wiki/wiki/stablecoin), is structured to provide institutional-grade safety while allowing holders to gain native exposure to Brazil's interest rates through the yield generated by the reserve assets. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) The project's strategy has been to focus initially on serving institutional clients, such as fintechs, asset managers, and global crypto companies, who seek a stable, on-chain BRL asset for treasury management or to facilitate a \"carry trade\" to access Brazilian yields. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\nThe technical and legal architecture of BRLV is a core aspect of the project. The [stablecoin](https://iq.wiki/wiki/stablecoin) is fully collateralized by Brazilian sovereign debt held in a bankruptcy-remote legal structure. [\\[2\\]](#cite-id-MajBJebhsaafmk3S) This framework is designed to insulate the reserve assets from Crown's own operational liabilities. A key feature is the garantia real, or \"perfected legal claim,\" which grants BRLV holders a legally enforceable right to the underlying collateral, a feature intended to be effective even for tokens acquired on secondary markets. [\\[5\\]](#cite-id-iGVf9b28btupybPL) The platform also features native integration with Brazil's instant payment system, PIX, to facilitate seamless minting and redemption of the stablecoin. [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\nThe company has secured significant backing from prominent venture capital firms. Its Series A funding round was led by [Paradigm](https://iq.wiki/wiki/paradigm), marking the firm's first investment in a Brazilian company. [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k) [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) By late 2025 and early 2026, the BRLV [stablecoin](https://iq.wiki/wiki/stablecoin) had reportedly surpassed R$360 million in total subscriptions. [\\[2\\]](#cite-id-MajBJebhsaafmk3S) The company has stated a long-term goal of reaching one trillion reais in circulation. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\n## History and Development\n\nThe development of Crown began with the insight that a successful [stablecoin](https://iq.wiki/wiki/stablecoin) in Brazil's high-interest-rate environment would need to offer a form of yield to be competitive. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) The company was established in São Paulo, Brazil, with a mission to build institutional-grade infrastructure for stablecoin-based financial systems in emerging markets. [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\nCrown raised an 13.5 million Series A round led exclusively by [Paradigm](https://iq.wiki/wiki/paradigm), which valued the company at $90 million. [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k) [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) This investment was used to accelerate the development and launch of the BRLV [stablecoin](https://iq.wiki/wiki/stablecoin). [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k)​\n\nBy December 2025, the BRLV [stablecoin](https://iq.wiki/wiki/stablecoin) had reportedly achieved over R66 million USD at the time) in total subscriptions. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) The company made a formal announcement in January 2026 highlighting this milestone in conjunction with details of its Series A funding from [Paradigm](https://iq.wiki/wiki/paradigm). [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\n## Technology and Architecture\n\n### The BRLV Stablecoin\n\nBRLV is a fiat-collateralized [stablecoin](https://iq.wiki/wiki/stablecoin) designed to maintain a 1:1 value proposition with the Brazilian Real. It serves as a programmable digital representation of BRL for on-chain transactions. [\\[1\\]](#cite-id-C8KHGAk2TT76IcVd) The token's architecture is focused on providing a stable unit of account and medium of exchange for institutional clients, fintechs, and developers building on public [blockchains](https://iq.wiki/wiki/blockchain). [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k)​\n\n### Reserve and Legal Structure\n\nThe backing of the BRLV [stablecoin](https://iq.wiki/wiki/stablecoin) is a central component of its design, emphasizing security and legal clarity for holders. [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\n#### Collateral\n\nBRLV is 100% backed by short-term Brazilian government bonds, also known as sovereign debt securities. [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k) [\\[2\\]](#cite-id-MajBJebhsaafmk3S) The reserve composition explicitly excludes bank products to mitigate counterparty risk associated with banking institutions. The collateral is held in segregated accounts, distinct from Crown's corporate funds. [\\[7\\]](#cite-id-bEkLsEeBDjLoso09)​\n\n#### Bankruptcy-Remoteness\n\nThe reserve assets are held within a separate, bankruptcy-remote legal entity. [\\[2\\]](#cite-id-MajBJebhsaafmk3S) This structure, achieved through Brazil's fiduciary assignment law, legally separates the collateral from Crown's own balance sheet and operational liabilities. It is designed to ensure that token holders have a primary claim on the reserve assets, protecting them in the event of the company's insolvency. [\\[1\\]](#cite-id-C8KHGAk2TT76IcVd)​\n\n#### `Garantia Real` (Perfected Legal Claim)\n\nCrown BRLV is described as the first stablecoin to offer holders a garantia real, or \"perfected legal claim,\" on the underlying reserve assets. [\\[2\\]](#cite-id-MajBJebhsaafmk3S) This legal right is enforceable by the token holder and is intended to persist even if the token is acquired on a secondary market. This structure moves beyond trust-based models by providing a legally recognized and enforceable claim on a proportional share of the government bonds in the reserve. [\\[5\\]](#cite-id-iGVf9b28btupybPL)​\n\n### Institutional Features\n\nCrown's platform was built with a compliance-first architecture and includes a suite of tools for business and enterprise clients. [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k)​\n\n* **PIX Integration:** The platform features native integration with PIX, Brazil's domestic instant payment system. This allows for near-instant on-ramping (minting BRLV by depositing BRL) and off-ramping (burning BRLV to receive BRL). [\\[2\\]](#cite-id-MajBJebhsaafmk3S)\n* **APIs and UI:** Crown provides plug-and-play APIs for programmatic integration of BRLV into financial applications, exchanges, and treasury management systems. An accompanying user interface is available for institutional clients to manage their activities. [\\[5\\]](#cite-id-iGVf9b28btupybPL)\n* **Audits and Transparency:** The company has stated its reserves are subject to regular audits and attestations by a major accounting firm to ensure full 1:1 backing and provide institutional-grade transparency. [\\[7\\]](#cite-id-bEkLsEeBDjLoso09)\n\n## Funding and Investors\n\nCrown has raised a total of $21.6 million in disclosed funding across two rounds. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\nAn $8.1 million Seed round was led by [Framework Ventures](https://iq.wiki/wiki/framework-ventures). Other investors in the round included Valor Capital Group, [Coinbase](https://iq.wiki/wiki/coinbase) Ventures, Norte Ventures, and [Paxos](https://iq.wiki/wiki/paxos), along with an investment from Nubank co-founder Edward Wible. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\nIn a subsequent Series A round, the company raised 90 million. [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k) This was [Paradigm](https://iq.wiki/wiki/paradigm)'s first investment in a Brazilian company. As part of the deal, Alana Palmedo, a Managing Partner at Paradigm, joined Crown's board of directors. A number of other firms also participated in the company's funding, including Standard Crypto, TIA Ventures, [Robot Ventures](https://iq.wiki/wiki/robot-ventures), F4 Fund, and Tioga Capital. [\\[2\\]](#cite-id-MajBJebhsaafmk3S) [\\[1\\]](#cite-id-C8KHGAk2TT76IcVd)​\n\n## Leadership and Governance\n\nAccording to multiple reports, Crown was co-founded by John Delaney, who serves as CEO, and Vinicius Correa. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) [\\[6\\]](#cite-id-4jF4JH4yaoEAa38k) Delaney is a lawyer from New York who moved to Brazil around 2010. Correa has a background in technology and previously worked at the Brazilian fintech company Nubank. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\nThe executive team also includes Tatiana Rezende, who was appointed as the company's Chief Financial Officer (CFO) around mid-2024. [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\nCrown's board of directors includes representation from its key partners. Alana Palmedo, a Managing Partner at lead investor [Paradigm](https://iq.wiki/wiki/paradigm), sits on the board. [\\[2\\]](#cite-id-MajBJebhsaafmk3S) Edward Wible, a co-founder of Nubank and an early investor in Crown, also serves on the board of directors. [\\[2\\]](#cite-id-MajBJebhsaafmk3S)​\n\n## Strategy and Vision\n\nCrown's initial go-to-market strategy focused on serving institutional clients seeking to access Brazil's high interest rates via a \"carry trade.\" [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7) The company has anticipated that broader retail adoption would be a \"long tail phenomenon\" that follows institutional integration. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\nCo-founder John Delaney has stated that the company was founded on the belief that \"a successful [stablecoin](https://iq.wiki/wiki/stablecoin) in Brazil must offer yield due to the country's high interest rates.\" [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​\n\nCharlie Noyes, a partner at the lead investment firm [Paradigm](https://iq.wiki/wiki/paradigm), commented on the project's structure: \"Crown has meticulously crafted the most robust architecture for a tokenized real, setting them up to be the market leader. We're thrilled to partner with them as they bring the BRL on-chain and expand access to the global crypto economy in Brazil.\" [\\[3\\]](#cite-id-VWLrq7ZzwQjWYmeP)​\n\nThe company has set a long-term goal of having one trillion reais (R$1 trillion) worth of BRLV in circulation within a ten-year timeframe, which would represent a significant percentage of the total Brazilian money supply. [\\[4\\]](#cite-id-SUeeRDONtcmVfMo7)​","summary":"Crown BRLV is a stablecoin pegged 1:1 to the Brazilian Real (BRL). Developed by the company Crown, it is backed by a reserve of Brazilian government bonds and is designed for payments, DeFi, and institutional treasury management.","images":[{"id":"QmVEMdwoF5W1od6bpinjDsff4SLtuo3zAXBX8t7GtDhmhS","type":"image/jpeg, image/png"}],"categories":[{"id":"cryptocurrencies","title":"cryptocurrencies"}],"tags":[{"id":"Stablecoins"},{"id":"Protocols"},{"id":"Blockchains"},{"id":"Organizations"},{"id":"Venture"}],"media":[{"id":"QmQh8vDQMJvbq7SiXyD9BeyDmAaDns1qqUJwX3CpRDVP3A","name":"Cópia de Design sem nome.png","caption":"","thumbnail":"QmQh8vDQMJvbq7SiXyD9BeyDmAaDns1qqUJwX3CpRDVP3A","source":"IPFS_IMG"},{"id":"QmP1zaFETig7Jt1GikGrhesSBVSoosuk1mMkDoLtKHpqt5","name":"download.png","caption":"","thumbnail":"QmP1zaFETig7Jt1GikGrhesSBVSoosuk1mMkDoLtKHpqt5","source":"IPFS_IMG"}],"metadata":[{"id":"references","value":"[\n  {\n    \"id\": \"C8KHGAk2TT76IcVd\",\n    \"url\": \"https://www.lbank.com/price/crown-brlv/what-is\",\n    \"description\": \"LBank analysis of Crown BRLV\",\n    \"timestamp\": 1772674731057\n  },\n  {\n    \"id\": \"MajBJebhsaafmk3S\",\n    \"url\": \"https://www.linkedin.com/company/crown-brl\",\n    \"description\": \"Crown company profile on LinkedIn\",\n    \"timestamp\": 1772674731057\n  },\n  {\n    \"id\": \"VWLrq7ZzwQjWYmeP\",\n    \"url\": \"https://f4.fund/startups/brl\",\n    \"description\": \"F4 Fund portfolio page for Crown\",\n    \"timestamp\": 1772674731057\n  },\n  {\n    \"id\": \"SUeeRDONtcmVfMo7\",\n    \"url\": \"https://www.theblock.co/post/381596/crypto-vc-paradigm-bets-13-5-million-on-stablecoin-startup-crown-in-first-brazil-investment\",\n    \"description\": \"The Block report on Paradigm's investment in Crown\",\n    \"timestamp\": 1772674731057\n  },\n  {\n    \"id\": \"iGVf9b28btupybPL\",\n    \"url\": \"https://www.linkedin.com/posts/crown-brl\\\\_crown-is-live-were-proud-to-announce-the-activity-7384250866498756608-kHe1/\",\n    \"description\": \"Crown launch announcement on LinkedIn\",\n    \"timestamp\": 1772674731058\n  },\n  {\n    \"id\": \"4jF4JH4yaoEAa38k\",\n    \"url\": \"https://www.preqin.com/data/profile/asset/crown/773382\",\n    \"description\": \"Preqin data for Crown's Series A round\",\n    \"timestamp\": 1772674731058\n  },\n  {\n    \"id\": \"bEkLsEeBDjLoso09\",\n    \"url\": \"https://crypto-fundraising.info/projects/crown-brl/\",\n    \"description\": \"Crypto-Fundraising.info profile of Crown BRL\",\n    \"timestamp\": 1772674731058\n  },\n  {\n    \"id\": \"Y76LwP2Ef8BaRv8A\",\n    \"url\": \"https://www.startupresearcher.com/news/crown-raises-usd13-5-million-series-a-led-by-paradigm\",\n    \"description\": \"Startup Researcher report on BRL Inc. (Crown)\",\n    \"timestamp\": 1772674731058\n  }\n]"},{"id":"website","value":"https://brl.xyz/"},{"id":"linkedin_profile","value":"https://www.linkedin.com/company/crown-brl"},{"id":"github_profile","value":"https://github.com/crown-xyz"},{"id":"coingecko_profile","value":"https://www.coingecko.com/en/coins/crown-brlv"},{"id":"commit-message","value":"\"Added Crown BRLV wiki page\""}],"events":[{"id":"e9258fe2-6626-4461-a223-c666f6958f8c","date":"2023-01","title":"Crown Founded","type":"CREATED","description":"The company Crown, issuer of the BRLV stablecoin, was founded in Brazil.","link":null,"multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"744131d4-002c-4335-8a1a-ae6b84d5b92b","date":"2024-11","title":"Raises $13.5M Series A","type":"DEFAULT","description":"Crown raised $13.5 million in a Series A funding round led by Paradigm, marking the venture capital firm's first investment in a Brazilian company.","link":"https://www.theblock.co/post/381596/crypto-vc-paradigm-bets-13-5-million-on-stablecoin-startup-crown-in-first-brazil-investment","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null},{"id":"34315594-240b-4d91-9702-783471935dd5","date":"2024-12","title":"BRLV Stablecoin Launch","type":"DEFAULT","description":"Crown officially launched its BRLV stablecoin, making the digital Brazilian Real available for institutional use.","link":"https://www.linkedin.com/posts/crown-brl_crown-is-live-were-proud-to-announce-the-activity-7384250866498756608-kHe1/","multiDateStart":null,"multiDateEnd":null,"continent":null,"country":null}],"user":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"author":{"id":"0x8af7a19a26d8fbc48defb35aefb15ec8c407f889"},"operator":{"id":"0xd5893989b9952c6568a99F854795AcC5Ae480D56"},"language":"en","version":1,"linkedWikis":{"blockchains":["ethereum"],"founders":[],"speakers":[]}}